StockFetcher Forums · General Discussion · How to Forecast a Stock-Market Top<< >>Post Follow-up
TheRumpledOne
6,362 posts
msg #100262
Ignore TheRumpledOne
4/15/2011 2:09:58 PM

How to Forecast a Stock-Market Top

http://finance.yahoo.com/banking-budgeting/article/112556/bull-market-top-marketwatch?mod=bb-budgeting&sec=topStories&pos=3&asset=&ccode=

I wonder why so many spend so much time trying to predict the future when the money is to be made by correctly identifying the present?!?!

TheRumpledOne
6,362 posts
msg #100263
Ignore TheRumpledOne
4/15/2011 2:11:43 PM

PRICE ACTION

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist."
- H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.


four
4,005 posts
msg #100265
Ignore four
modified
4/15/2011 2:38:15 PM



Subject: H. Rearden

http://www.forexfactory.com/showthread.php?t=155393&page=19

Here is the quote from H. Rearden, #283





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